This site uses cookies. By continuing to use this site you consent to our use of cookies. Close

Africa Legal

Africa Legal

  • NEWS
  • JOBS
  • COURSES
  • CLIENTS
    • Sign in
    • Sign up
  • NEWS
  • COURSES
  • JOBS
    • Sign In
    • Sign Up
  • News
  • Courses
  • Jobs
  • Events
  • Business A-Z
  • Post a job
  • Contact Us
  • Clients
CLIENT SIGN IN
Country
  • Uganda
  • South Africa
  • Kenya
  • Nigeria
  • Cameroon
  • United Kingdom
  • Cote d'Ivoire
  • Ghana
  • Tanzania
  • Zambia
  • Botswana
  • Morocco
  • Zimbabwe
  • Mauritius
  • Mozambique
  • Sudan
  • Rwanda
  • Ethiopia
  • Angola
  • Egypt
  • Togo
  • Mali
  • South Sudan
  • Swaziland
  • Senegal
  • Malawi
  • France
  • Guinea
  • Middle East
  • Democratic Republic of the Congo
  • Gambia
  • Sierra Leone
  • Germany
Category
  • Profiles
  • Analysis & Opinion
  • Career advice
  • In-house
  • Latest news
  • Press releases
  • Africa Legal Blog
  • Women in Law
  • Innovation
  • Human Rights
Practice area
  • Agriculture
  • Arbitration
  • Aviation
  • Banking and Finance
  • Capital markets
  • Charties and pro bono
  • Company commercial
  • Competition and antitrust
  • Construction and engineering
  • Consumer products
  • Corporate finance and M&A
  • Criminal
  • Education
  • Employment and benefits
  • Energy and natural resources
  • Environmental
  • Financial services
  • Fraud & white collar crime
  • Funds
  • Governance | risk and compliance
  • Government and public sector
  • Health and safety
  • Healthcare and pharmaceuticals
  • Insurance/Reinsurance
  • Intellectual Property
  • Litigation and dispute resolution
  • Logistics and transportation
  • Manufacturing and Industrial
  • Private client and family
  • Private equity
  • Projects and infrastructure
  • Real estate
  • Regulatory
  • Restructuring | insolvency and debt recovery
  • Shipping and maritime
  • Taxation
  • Technology media and telecoms
  • Travel and tourism
close

Registration

Registered Successfully!!!. We have sent you a confirmation email to your email address.
close


View My Saved News


close You must login to save your news
  • LOGIN
  • NEW USER

Login to your account

Forgotten your password?
or

Create an Account

close


View My Saved News


« Back

Exciting times for creating economic value

There’s a chronic need for FDI in Africa, say leading M&A and trade experts Ziyanda Ntshona and Meluleki Nzimande. They discussed the foreign investment landscape in Africa with Craig Sisterson.

Oct 21, 2022
Share

A population of 1.4 billion – mainly young people, infrastructure opportunities, and governments with positive dispositions towards foreign investment are among key ingredients that offer a compelling future for businesses keen to make a difference in Africa, say Ziyanda Ntshona and Meluleki Nzimande of Webber Wentzel’s integrated Competition, Trade and Investment (CTI) Practice.

“There is a major, major need for foreign direct investment (FDI) in South Africa and the rest of the continent,” commented Nzimande, who returned to Webber Wentzel in August as a partner in the new CTI group after serving as the Chief Commissioner of South Africa’s International Trade Administration Commission.

Nzimande and Ntshona note there’s now a broad understanding that FDI is required to help boost economic growth and combat high unemployment, and Cyril Ramaphosa, South Africa’s president, has set a target of R1.2-trillion FDI over five years. “Last year we were sitting at just R1-trillion rand of FDI, so the target will be met, but it’s nowhere near enough,” said Nzimande. “But it tells you how conscious the executive is of the importance of attracting foreign direct investment to South Africa.” 

Ntshona, a leading corporate/M&A expert with extensive cross-border expertise has been recognised for her work across various legal platforms. She recently met with delegates from the US embassy to discuss key areas for trade and investment on the continent. 

“They had infrastructure, health, digital and auto, as well as fintech – Africa’s [exporting] a lot of fintech,” she explained. “At Webber Wentzel we’ve had quite a few transactions which feed into the R1.3-trillion that the president is targeting, across a number of sectors and so we see M&A as a tool to propel growth and investment.” 

Nzimande was recently part of a panel discussion on the African Continental Free Trade Agreement (AfCFTA), and interacted with some CEOs of multinational companies. His impression is that AfCFTA is contributing favourably to the positive investor sentiment towards Africa.  “AfCFTA’s stated objective is, among other things, the rapid industrialisation of Africa,” he explained. “Generally there’s a positive disposition, not only from our government but also from the continent itself, towards the importance of FDI and attracting FDI.” 

There are, however, constraints to be overcome, such as the state of South Africa’s ports and rail network and the regulatory regimes across the continent. Another part of the conversation, noted Nzimande and Ntshona, is that many African states are rich in mineral wealth – including materials needed for electric car batteries or in support of solar energy. While African nations traditionally exported raw minerals, now there’s a greater push to convert their resources into higher-value goods at home – finished products that can create jobs all along the value chain.  They believe the continent needs to support this with a more certain or predictable regulatory environment.  

The CTI Practice group is an exciting development at Webber Wentzel, says Nzimande. 

“It’s basically harnessing the strength of our competition department – which works quite closely with Ntshona’s M&A department – and the trade department, which is where I specialise, along with the investment component,” Nzimande explained. “From an investment point of view, what Webber Wentzel offers is a footprint that expands across the whole continent.”

The alliances Webber Wentzel has across Africa and beyond further bolster the impact and reach of their new CTI group, says Ntshona, and will help clients navigate regulatory hurdles.

“We’ve taken a different model to most law firms which say they’re ‘across Africa’,” noted Ntshona, pointing to the “best friends” alliances Webber Wentzel has which allow them to “engender and build deep, trusted relationships with the best on offer in our industry in each jurisdiction”, rather than establishing their own offices in a few select African countries. 

Webber Wentzel also has a long-term collaborative alliance with global giant Linklaters. This allows foreign investors to have a single point of contact, such as Ntshona, who will ensure they get accurate, quality and trustworthy advice packaged in a language they understand.

 

 

To join Africa Legal's mailing list please click here

Copyright : Re-publication of this article is authorised only in the following circumstances; the writer and Africa Legal are both recognised as the author and the website address www.africa-legal.com and original article link are back linked. A bio for the writer can be provided on request.

RELATED CATEGORY NEWS

Modern regulations help draw investments Read more
Embracing disruption Read more
Shortfalls in protecting whistleblowers Read more

RELATED COUNTRY NEWS

New look, same commitment to deliver Read more
Lawyer calls for moratorium on staple Read more
Sexual harassment in the workplace is Read more
Africa Legal
  • About us
  • Contact us
  • Terms of use
  • Privacy and cookies policy
Members
  • Find a job
  • Take a course
  • Read news
  • Terms and conditions
  • Cancellations and refunds
Clients
  • Terms and conditions
  • Post a job
  • Host a course
  • Advertise
  • Share news
Connect with us
© Copyright 2023 | Africa Legal. All rights reserved. | Privacy Policy